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If Prop. 13 is abolished, the # of short sales/foreclosures would go through the roof: think about all those on a fixed income that would be faced with a very high tax bill. The Law of Unintended Consequences. I firmly believe that one of the driving forces of California real estate is...

No crown molding, white tile in the bathrooms, cheesy landscaping, what looks like single-pane windows, - but there is a chandelier in the girls bedroom. Paid $1,160,000 on 10/28/05, so guess this is the only home in Irvine that has appreciated almost 90% in the past 3.5 years! (My guess...

See it's down to $1,399,000 now.

4% commission to the buyers agent; not a bad paycheck.

The problem with the Marquee won't end up being the purchase price, but rather the HOA dues. Over $1,000/mo. is a lot of dead money each month.

And it gets worse ... 3/10/2009 New Listings: 3131 Michelson Dr. #303: 2 bdrm., 2 bath, 1,293 sq. ft. A short sale at $388,000 3131 Michelson Dr. #606: 2 bdrm., 2 bath, 1,367 sq. ft. Priced at $430,000 In Backups (all short sales): 3131 Michelson Dr. #306: 2 bdrm., 2 bath...

66 Canyon Creek is down to $532.33/sq. ft., 63 Canyon Creek is $596.58/sq. ft., and 94 Canyon Creek is $608.04/sq. ft. <u>66 Canyon Creek Price History:</u> Date Old Value New Value 2/27/2009 $7,495,000 $6,388,000 12/2/2008 $7,995,000...